With gold’s fortunes looking a bit brighter, junior Western Troy Capital Resources (WRY-V) has decided to resume bulk-sample mining at its wholly owned Wagg gold property near Rainy River in northwestern Ontario, as soon as possible.
An inspection to determine the lead-time to crank up operations on the property is under way. The property hosts a mill, buildings, tailings storage and other infrastructure. The study will look at the extent and costs of work necessary to ready the plant for production. The company hopes to have operations up and running by late October.
Previous bulk sampling of gold-bearing veins at surface in the mid-1990s yielded 350 oz. of gold from about 1,000 tons of vein material that was mined and milled on site. The company expects to mine and process up to 4,000 tons of vein material during the proposed program.
Late last year, four holes of a nine-hole program on the property cut gold mineralization. The holes tested a series of targets. Hole 8 returned the best results intersecting 13.9 grams gold per tonne over a core length of half a metre and 4.9 grams over 0.8 metre. In hole 4, a 0.6-metre intersection ran 10 grams gold, with some visible gold in the core.
Two zones, each 0.4 metre long, were found in hole 5; the first graded 3 grams gold and the second, 7.1 grams. In the fourth hole (hole 2), Western Troy encountered its deepest zone of gold mineralization, with 1 gram per tonne over 0.9 metre at a down-hole depth of 135.5 metres.
The five remaining holes failed to cut significant gold mineralization, but four did intersected veins or narrow shears that appear to be extensions of the mineralized structures intersected in other holes or that are visible on the surface.
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